You may know that California is a community property state, which means that all property (including each spouse’s income) obtained during marriage is presumed to be owned 50/50 by each spouse.
We will walk you through each asset and debt in your case and discuss possible outcomes for each one. Although there are certain exceptions to the 50/50 rule (which we will go over with you in detail), it is important to keep in mind that a court will generally order an equal division of the community property in a divorce.
Separate property is property owned by a spouse prior to marriage, or received by a spouse via gift or inheritance during marriage. If you have separate property, it is your property and you get to keep it.